40x Bitcoin Long Spotted in the Wild: Someone Expects $120,000?
Published 1 week ago
Oct 26, 2025 at 12:07 PM
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The recent entry of two high-leverage long positions totaling $29 million by a major whale address 0xC50a indicates that market confidence is increasing despite persistent volatility. At an entry price of $111,658, the whale initiated a 40x long on 149 BTC, which is worth $16.65 million, and a 10x long on 284,501 HYPE tokens, which are worth $12.49 million.